All Asia articles – Page 13
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NewsBangladesh factory owner arrested as demonstrators target Primark
The owner of the eight-storey factory complex which collapsed in Bangladesh last week killing at least 377 people has been arrested.
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AnalysisBangladesh factory collapse: What do retailers need to know?
The death of 112 Bangladeshi workers following the collapse of a factory in Dhaka on Wednesday has sent ripples round the world of retail. Retail Week looks at the implications.
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Inditex closes Syrian stores due to ongoing civil war
Inditex has closed all of its Syrian stores because of the ongoing civil war.The retailer had opened two Zara stores, two Massimo Dutti shops, a Pull & Bear and a Stradivarius since entering the country in 2009.The franchise agreement with its local partner remains in place, suggesting the retailer might ...
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H&M reportedly in discussions to open first store in the Philippines
H&M is reportedly in discussions to open its first stores in the Philippines.The Swedish fashion retailer is in negotiations with local franchisor SM Retail, although talks are believed to still be in the early stages.If an agreement is signed, it would be SM’s third major global clothing brand after Forever ...
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AnalysisAnalysis: Asian retailers on the rise in pursuit of growth
Homegrown retailers are expanding rapidly in many Asian countries. We highlight 10 companies to watch as they extend their reach.
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NewsHMV administrator Deloitte sells Asian stores to AID Partners
HMV administrator Deloitte has sold the collapsed entertainment retailer’s stores in Hong Kong and Singapore to AID Partners Capital.
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Alfamart launches new online shopping service
Convenience group Alfamart has launched alfaonline.com, a new online shopping service.Alfamart IT director Bambang Setiawan Djoj said: “Alfamart is the first convenience store retailer in Indonesia that has launched an ecommerce site.”Customers can have goods delivered to their homes or visit their nearest Alfamart store. The service is available at ...
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Temasek Holdings reveals plans to acquire stake in Matahari
Temasek Holdings has revealed plans to acquire a stake in Matahari, operator of Hypermart. Temasek will indirectly buy a 26.1% stake worth $300m (£191.4m) via controlling shareholder Multipolar.The deal, if concluded, would make Temasek one of the major shareholders in Matahari. Private equity firm CVC Partners has hired CIMB, Morgan ...
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Fast Retailing to open 10 Uniqlo stores in the Philippines
Fast Retailing is opening 10 Uniqlo stores this year as it aims to build the brand in the Philippines. Four stores are expected to open in the first half of the year, one in Taguig City’s SM Aura mall.The retailer will also open stores in SM Fairview in Quezon City ...
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Aeon shows increasing interest in Asian retail market
Japanese retailer Aeon and a unit of Thailand’s Central Group are thought to be considering a bid for Indonesia’s Matahari department stores.Private equity firm CVC Capital Partners owns a major stake in Matahari’s retail division, and reports suggest it is seeking as much as $3.5bn (£2.23bn) for a buy-out.Aeon has ...
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Carrefour's Indonesian franchisee to expand its private-label range
French retailer Carrefour’s Indonesian franchisee, CT Corp, is to expand its private-label range in responseto demand.At present the retailer offers about 3,000 private-label SKUs but needs to increase its offer to meet the 5% to 10%demand increase recorded each year.Private label represents 7.5% of the product portfolio, and 60% of ...
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NewsTesco likely to exit US business as Tim Mason departs
Tesco chief executive Philip Clarke is considering exiting the US as he conducts a strategic review of the business.
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UK and Germany named 'easy' markets for expanding retailers
The availability of prime locations, the maturity of the retail property and an open business environment make the UK the second easiest market for retailers seeking to expand, according to a new report.
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Carrefour opens Click & Drive in Indonesia
Carrefour has opened its first drive-in service in Indonesia at the flagship Lebak Bulus hypermarket, south of Jakarta.The initiative, named Click & Drive, enables customers to shop online, choose a time slot and then pick up their goods at a dedicated parking location.Unlike its European equivalents, the drive-in service does ...
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Supermarket operator Hero to build Indonesia’s first Ikea store
Supermarket operator Hero will begin building Indonesia’s first Ikea store by the end of the year.A franchise agreement, signed in March, allows Hero to operate Ikea stores from 2014 to 2021 with an option to extend the licence and add more stores later.The first shop will be in Alam Sutera, ...
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AnalysisOverseas growth: Why the VISTA countries are worth considering
Retailers eyeing overseas growth often look at the BRIC markets, but VISTA countries – Vietnam, Indonesia, South Africa, Thailand and Argentina – are worth considering.
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Sporting goods retailer Oxylane opens flagship Decathlon store
French sporting goods retailer Oxylane has opened a flagship Decathlon store in Taiwan.The new store is 53,800 sq ft in size and will be expanded to 86,000 sq ft. It will be one of the largest Decathlon stores in Asia, aiming for annual sales of T$500m (£16.9m). Decathlon Taiwan plans ...
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Fast Retailing to open 49 Uniqlo stores in Greater Manila area
Fast Retailing is to open 49 Uniqlo stores in the Greater Manila area over the next three years. The details came as the fashion group opened its first store in the country’s Mall of Asia in Pasay City.Fast Retailing Philippines chief operating officer Katsumi Kubota sees great growth potential in ...
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NewsTesco records first quarter UK sales fall
Tesco described its first quarter performance as “robust” after reporting a 1.5% decline in UK like-for-like sales.
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Best Denki to launch ecommerce operation in Indonesia
Japanese electronics retailer Best Denki is to launch an ecommerce operation in Indonesia. The venture will be run in partnership with Japanese online shopping business Rakuten and Indonesian multimedia company PT Global Mediacom Tbk. The transactional website, called Rakuten Belanja Online, is to go live on June 1. Indonesia is ...